Shares of Harsha Engineers International Ltd soared more than 3% on 04 August after the company announced securing an order from a major multinational corporation to supply journal bearings and bushings.

In its regulatory filing, the company said, “Harsha Engineers has entered into a long term agreement with a leading multinational company for the supply of journal bearings / bushings to the said group by the company and it’s subsidiaries.” 

The agreement is worth Rs 117 crore each year for the first three years.

The company’s board of directors will meet to discuss and approve standalone and consolidated unaudited financial results for the quarter ended 30 June 2025.

Harsha Engineers Advantek, the company’s wholly-owned subsidiary, will begin commercial manufacturing and invoicing on 26 June 2025 at its newly created plant in Ahmedabad, Gujarat.

On 07 August 2024 and 07 April 2025, the stock reached a 52-week high of Rs 580.40 and a low of Rs 330.00, respectively.

At 1:40 pm, the shares of Harsha Engineers were trading 2.7% higher at Rs 418.85 on NSE. 

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